GBank Financial (NASDAQ:GBFH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of GBank Financial (NASDAQ:GBFH) from a sell rating to a hold rating in a research report released on Saturday morning.

GBFH has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, January 22nd. JonesTrading reduced their price target on shares of GBank Financial from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Finally, Hovde Group decreased their price target on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, GBank Financial has a consensus rating of “Moderate Buy” and an average target price of $46.00.

GBank Financial Price Performance

GBFH opened at $29.30 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.01. GBank Financial has a 52-week low of $27.30 and a 52-week high of $45.00. The stock has a market capitalization of $421.33 million, a PE ratio of 20.21 and a beta of -0.87. The stock’s 50 day moving average price is $32.43 and its 200-day moving average price is $35.83.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Wednesday, January 28th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $20.43 million during the quarter. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.

Insider Buying and Selling

In other news, COO Tara Allyce Campbell sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total value of $219,870.00. Following the sale, the chief operating officer directly owned 8,399 shares of the company’s stock, valued at $263,812.59. The trade was a 45.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeffery Ernest Whicker sold 24,875 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $30.07, for a total value of $747,991.25. Following the completion of the sale, the chief financial officer owned 13,450 shares in the company, valued at $404,441.50. The trade was a 64.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,000 shares of company stock valued at $1,181,469 in the last ninety days. Insiders own 37.70% of the company’s stock.

Institutional Investors Weigh In On GBank Financial

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new stake in shares of GBank Financial in the second quarter worth $7,323,000. JCSD Capital LLC purchased a new position in shares of GBank Financial in the 3rd quarter worth about $1,603,000. Kennedy Capital Management LLC raised its position in shares of GBank Financial by 37.0% in the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock worth $4,287,000 after purchasing an additional 34,158 shares during the last quarter. T3 Companies LLC bought a new position in GBank Financial in the 4th quarter worth about $888,000. Finally, RVW Wealth LLC grew its position in GBank Financial by 199.7% during the 3rd quarter. RVW Wealth LLC now owns 33,790 shares of the company’s stock valued at $1,327,000 after purchasing an additional 22,515 shares during the last quarter.

GBank Financial Company Profile

GBank Financial Holdings Inc operates as a bank holding company for GBank which provides banking services to commercial and consumer customers principally in Nevada. The company offers business and personal checking and savings accounts. GBank Financial Holdings Inc is based in Las Vegas, Nevada.